Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies
Supriya Lifesciences had priced its IPO between Rs 265 and Rs 274 per share
In November, more than 7.6 million UPI mandates were created for IPO applications
China's regulatory onslaught leads to slowdown in the hub's market
Jalan says investor sentiment, hit by a spate of poor listings in August, shall improve as we see successful listing going ahead
At the upper end of the price band, Devyani is offered at 9.5x market capitalisation/sales as per FY21 financial statement, compared to peers like Jubilant Foodworks (15x), Westlife Development (8.8x)
Low interest rates, hefty returns have driven record demand for IPOs, but with valuations for newly public companies now at levels last seen during dot-com bubble, some analysts are raising concerns
Robinhood will reserve up to 35% of shares for its app users at the pre-trading range of $38 to $42 apiece
Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat
India Pesticides IPO: Analysts have largely assigned 'Subscribe' rating to the issue on the back of positive growth prospects, strong financials and reasonable valuations
According to Ajit Mishra, VP - Research at Religare Broking, the subscription ratio gives an idea about what investors think about an IPO and one can look at it before subscribing to the issue
Analysts said total investments to provide tap water connections could be above Rs 1 trillion every year till FY24
At 670, the number of issues / IPOs in the first five months of CY21 is the second-highest since the calendar year 2000 when 677 IPOs hit the Street globally.
Retail investors were the key drivers of the momentum seen in the primary markets in FY21. The road in FY22, however, will not be easy as investors are likely to become choosier
Half a dozen IPOs could be launched in 4-6 weeks to raise up to Rs 10,000 cr
The net proceeds of the offer will be utilised to meet the long term working capital requirement of the company.
The company said the issue was subscribed by both domestic as well as foreign investors
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
While such a sale provides exits to PE investors and encourages promoters to list, it only results in change of equity ownership and doesn't really create new manufacturing or service capacity
The stock saw a weak debut due to prevailing market condition as the uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check.